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dm Bulgaria grows revenue 15% in FY 2018/2019

dm Bulgaria grows revenue 15% in FY 2018/2019 Source: dm Croatia

SOFIA (Bulgaria), October 25 (SeeNews) - The Bulgarian unit of German drugstore retail chain dm-drogerie markt, dm Bulgaria, said that its sales revenue rose by an annual 14.93% to 151.9 million levs ($86.3 million/77.6 million euro) in its fiscal year 2018/2019, ended September 30.

In line with its upbeat financial performance, the company plans to expand its network of stores in the country by seven or eight in the next fiscal year, it said in a statement on Thursday.

The company is leading in terms of revenue in the drugstore retail sector in Bulgaria, it noted adding that its revenue growth is also above the average for units of dm-drogerie markt group.

The drugstore retailer invested some 7.13 million levs during its 2018/2019 fiscal year - mostly in the expansion of its stores network by seven new stores, as well as in the modernisation of existing ones. The company currently has 80 stores in 26 Bulgarian cities and employs 751 people. 

Elsewhere in Southeast Europe, dm also has operations in Romania, Croatia, Bosnia and Herzegovina, Serbia, Slovenia and Macedonia.

(1 euro=1.95583 levs)